2-room apartment 37.52 m² for sale Paris 15 - €310,000

The listed price of the apartment is €310,000 for an area of 37.52 m², which gives a price per m² of €8,267.91 (calculated from the listed price and declared characteristics).

In the Paris market, the average price per m² for an apartment in the 15th arrondissement is around €10,000 (source: Notaires de Paris, 2023). Thus, this apartment is offered at a price 17.32% lower than the market median.

In terms of trend, prices in the 15th arrondissement have seen an increase of about 5% over the last 12 months, with a forecast of stability for the next 12 months (source: INSEE, 2023).

For a purchase of €310,000, notary fees are estimated between 7% and 8% for an old property, which is approximately €21,700 to €24,800 (estimate based on average public sector data).

The total acquisition cost would therefore be between €331,700 and €334,800.

For a loan simulation, with an average interest rate of 3.4% over 20 years and a contribution of 10% (€31,000), the monthly payment would be around €1,500 (calculation based on current professional scales).

If this apartment is intended for rental, the average rent for a T2 in the 15th arrondissement is about €1,400 per month (source: Rent Observatory, 2023). This would give a gross rental yield of approximately 5.4% (calculated from the annual rent divided by the purchase price). The net yield, after deducting annual charges (€1,190), would be around 4.5%.

The apartment needs renovation, and the DPE is rated D. This implies an estimated annual energy consumption of about 150 kWh/m² (source: ADEME, 2023). The estimated annual energy cost is therefore around €565 (calculation based on an average rate of €0.15/kWh).

With the Climate & Resilience law, properties rated F and G can no longer be rented starting in 2025. Renovation work would be necessary to improve the energy class, with an estimated cost between €10,000 and €20,000 to reach a class C (estimate based on current professional scales).

The apartment is located in the 15th arrondissement, close to several metro lines, including line 6 (Félix Faure station is a 5-minute walk) and line 12 (Convention station is a 10-minute walk). This provides quick access to the center of Paris.

The neighborhood is also well-served by buses and has many shops, schools, and green spaces, contributing to a pleasant quality of life. The median income of residents in the 15th arrondissement is about €30,000 per year (source: INSEE, 2023).

The 15th arrondissement of Paris is classified as a low-risk area for flooding (source: Géorisques, 2023). However, it is important to check for any easements and the Local Urban Planning Plan (PLU) that could influence renovation projects.

Regarding regulations, rent control is in effect, with a reference rent set at €1,400 for a T2 in the area (source: Prefecture of Paris, 2023). Mandatory diagnostics must be provided during the sale, including the Energy Performance Certificate (DPE), the state of risks, and lead if applicable.

This apartment is offered at a price per m² lower than the market median in the 15th arrondissement. In comparison, similar apartments (T2, 35-40 m²) are selling between €320,000 and €360,000 (source: Notaires de Paris, 2023).

The advantages of this apartment include its attractive price and its location in a sought-after neighborhood. The disadvantages include the need for renovation work and relatively high condominium fees (€1,190 per year).